Orbit Medical, Inc.
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Orbit Medical, Inc. - overview
Established
2005
Location
Chicago, IL, US
Primary Industry
Medical Devices & Equipment
About
Based in Illinois, US, and founded in 2005, Orbit Medical, Inc. operates as a provider of medical supplies and equipment specializing in mobility solutions for recently discharged or home healthcare patients. In December 2022, the firm was acquired by Reliable Medical Supply, Inc. , a portfolio company of Seven Hills Capital.
The company as of December 2022 has over 140 employees in 6 locations in Midwest and a corporate office in Salt Lake City, Utah, serving over 35,000 patients annually. The company offers durable medical equipment (DME) such as mobility products like power mobility, scooters, wheelchairs, etc, home access products like ramps and lifts, home medical equipment like beds, home oxygen, etc, and other products like bracing, incontinence supplies, etc. The company also offers equipment troubleshooting service, request service, request pickup, and oxygen supply services. Orbit generates its revenue by selling its products through its e-commerce website such as Go Chair MED for USD 2539, portable suitcase single-fold ramp at a cost ranging from USD 159 to USD 324, etc.
Current Investors
Reliable Medical
Primary Industry
Medical Devices & Equipment
Sub Industries
Medical Equipment Distributors
Website
http://www.orbitmedical.com
Verticals
E-commerce
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Orbit Medical, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Orbit Medical, Inc. | - |
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